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Market Brief – Friday 1/29/21

Stocks fell in overnight trading after China asserted its position over Taiwan. Treasury yields fell on the same news on concerns China would weaponize its Treasury holdings should the U.S. become involved. Stocks continued to slide in early trading. Treasury yields rose back near their one-month high as sellers pounced on the overnight move in … Read more

Market Brief – Thursday 1/28/21

Stocks and Treasury yields were flat in overnight trading until liquidity flushed in at the moment pre-market trading opened and the initial claims data was released. Treasury yields were immediately slammed higher as a flood of buying send equity futures higher. Stocks and Treasury yields were rising in early trading. Initial claims beat expectations as … Read more

Market Brief – Wednesday 1/27/21

Stocks fell in overnight trading after the European Central Bank stated it had the tools to keep the Euro from further strengthening, which send the dollar higher and risk assets lower. Stocks were attempting to fend off their overnight drop in early trading but were struggling as liquidity continues to dry up. Treasury yields fell … Read more

Market Brief – Tuesday 1/26/21

Stocks gapped up in overnight trading as global investors continue to bid stock prices higher. Stocks were flat in early trading. Treasury yields rose in overnight trading as 30-year Treasury yields moved back over 1.8% and were sliding in early trading. Redbook same-store weekly brick-and-mortar retail sales fell -2.0% last week and rose +3.9% from … Read more

Market Brief – Monday 1/25/21

Stocks rose in overnight trading but were unable to hold their overnight gains in early trading as stocks soon slid into the red as liquidity dried up. Treasury yields fell in overnight trading and extended their decline in early trading. The Chicago Fed National Activity Index rose in December signaling continued expansion in the national … Read more

Market Brief – Friday 1/22/21

Stocks fell in overnight trading as investors feared renewed lockdowns in Asia and Europe. Stocks were mixed in early trading before investors felt confident to buy the dip which reversed some of the overnight losses. Treasury yields fell in overnight trading and were slightly lower in early trading as trading volumes on Treasury securities remained … Read more

Market Brief – Thursday 1/21/21

Stocks were flat in overnight trading and rose very slightly in early trading as yesterday’s euphoria to buy stocks at the all-time highs appears to have worn off. Treasury yields were up slightly in overnight trading and were slammed higher in pre-market trading as computer algorithms interpreted today’s economic data as inflationary. Despite giving back … Read more

Market Brief – Wednesday 1/20/21

Stocks rallied in overnight trading as foreign investors continue to pile into U.S. equities. Treasury yields rose slightly in overnight trading despite no signs of inflation coming from overseas. Mortgage applications fell -1.9% last week as purchase applications rose +2.7% and refinance applications fell -4.7%. Redbook same-store weekly brick-and-mortar retail sales fell -2.5% week from … Read more

Market Brief – Tuesday 1/19/21

It was risk on last night as stocks rallied and Treasury yields dipped ahead of Janet Yellen’s nomination hearings where investors were hoping to hear she would lead a marriage of fiscal and monetary policy should she be confirmed as the next Treasury Secretary. Stocks dipped slightly in early trading while Treasury yields were falling. … Read more

Market Brief – Friday 1/15/21

Stocks fell slightly in overnight trading on concerns about chances President-elect Biden’s stimulus plan can quickly get approved and continued falling in early trading. Treasury yields fell in overnight trading on the same news then moved a bit higher before reclaiming their overnight lows. Retail sales fell -0.7% in December and slowed to +2.90% from … Read more